Apple's earnings could mean all the difference between becoming the first $1 trillion market cap company, or cementing the recent collapse in the tech sector.
The collective three-day move in U.S. “Value / Growth” has been the largest since October 2008 - a 4.3 standard deviation event relative to the returns of the past 10 year period.
"... there can be no denying that so far, I am wrong and the yield curve keeps going down faster than the plate of drinks at the end of David Hasselhoff’s table after a taping of Britain’s Got Talent."
Brexit and new legislation may not be the only pressures being on the UK housing market as John Stepek of Moneyweek reports that; " the residential property slowdown isn’t just happening in the UK – it’s happening pretty much everywhere"
Traders remain on the sidelines spooked by the sudden drop in tech shares while keeping an eye on yields and currencies in the aftermath of the BOJ's half-hearted attempt to steepen the JGB yield curve.
In the end, BOJ governor Haruhiko Kuroda tried his best to pull off a Mario Draghi - introducing a tightening event while smothering it in "easy" forward guidance - and failed.
"...the US represents the largest threat... the latest sanctions undoubtedly shows us that we need to be more cautious... to reduce the dollar in general in the economy of our country."
